Suppose someone tells you that he just flipped a coin 10 times and all 10 were heads? What is the probability that the next flip will be heads too? If you think 50%, then you are discounting the very high probability that the game is rigged. And this makes you a sucker.

Autor: Dmitry Orlov

Suppose someone tells you that he just flipped a coin 10 times and all 10 were heads? What is the probability that the next flip will be heads too? If you think 50%, then you are discounting the very high probability that the game is rigged. And this makes you a sucker. - Dmitry Orlov


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